2024-09-16
Every organization has its own governance culture and list of priorities, yet all stakeholders see real value from a well-planned corporate data flow, especially in a digital business environment. To help legal, business and financial leaders shift gear in corporate governance, we collaborated with Corporify on a 5-step strategy paper for digitizing legal entity and shareholder management. Get your copy!
2024-07-18
Corporate housekeeping requires collaboration among stakeholders, including C-level executives, legal and tax advisors, compliance professionals, investment managers, and others. Traditionally, information is shared through email or a public workspace in the organization, which is neither practical nor secure. Instead, controlling access to information is good practice, just like providing data in a visually attractive and user-friendly way.
2024-06-03
Legal entity management is key to navigating complex organizations, especially in a digital environment that is highly dependent on corporate data and streamlined work processes. Whether assigned to the legal team or a business unit, people entrusted with corporate governance tasks are responsible for efficiently coordinating all legal entities of the group: holdings, operational companies, SPVs, subsidiaries, and branches. Carefully designed workflows and reporting are inevitable in this context.
2024-05-13
Corporate housekeeping has traditionally been the task of legal professionals - for a good reason. Providing risk management support to business clients, lawyers are expected to set up and safeguard the corporate foundations, watch over periods of growth and expansion, and mitigate risks in times of uncertainty. Yet navigating complex corporate structures may easily get challenging even for the best legal teams - especially in a digital environment where data accuracy and system security have become top priorities.
2023-10-23
To help legal and business leaders explore strategies and best practices with AI solutions, we onboarded new advisors and partners to offer a more holistic Legal AI Advisory service line in addition to our existing LegalTech Marketplace - select software solutions & implementation know-how. Learn about our training course offering and how our experts navigate this complex field.
2022-06-17
Complex workstreams like contract management often require a set of viable strategies to improve internal efficiencies in an organization. Working closely with our clients in this professional context, we found that fine-tuning first the pre-signature and then the post-signature phase of contracting helps better manage the overall process. In June 2022, InvestCEE LegalTech Consultancy released Part I of our new strategy paper series dedicated to improving the pre-signing phase of contracting - the full PDF copy can be accessed in this article.
2021-12-16
InvestCEE LegalTech Consultancy in collaboration with Hungarian digital law firm SimpLEGAL issued a practical guide on legal AI to showcase how smart legal technology opens up new opportunities for digitizing legal services. Law firms and in-house legal departments often still lack clarity as to the use cases and basic terminology used in the legal AI domain.
2021-04-07
In a digital economy, the value of legal work largely results from core human expertise multiplied by the ability to efficiently “package” legal know-how into technology. Legal analytics tools designed for lawyers allow a shift away from the billable hour and enable workflow data analytics that capture core human expertise.
2020-10-08
In September 2020, Xakia Technologies issued the Legal Operations Health Check eBook -- a report summarizing the results of the legal operations benchmarking survey (the 'Health Check') carried out from April 2018 to July 2020. The Health Check was used by 349 legal teams in 37 countries and the eBook aggregates a significant volume of data about the current status of corporate legal departments of all sizes, in various industries, around the world.
InvestCEE contributed the EMEA overview to the eBook and this article is an extract thereof, aimed to inspire legal teams to improve their operations with data & analytics.
2020-08-18
Traditionally lawyers have been measuring the value of their input in correlation with the time spent on legal work. While tracking time is relatively quick and easy, capturing the true worth of legal services can be a challenge. Yet demonstrating added value is increasingly needed in light of a changing economy and client pressures to reduce bills. Digital tools designed for the legal industry allow a shift away from the billable hour and enable workflow data analytics that capture valuable human expertise.
2019-10-25
Smart data management, contract analytics or AI-assisted contract management are some of the various terms used to describe technology tools that help more efficiently access and assess information embedded in contracts. While traditional document management systems force us to carry out and execute routine operations manually (like searching for specific phrases or sections in contracts, reporting on contract data, etc), smart technology helps to automate most of these manual tasks.
2019-02-18
Using analytics in legal work is not an abstract future. Intelligent search platforms are today's reality that help both law firms and legal departments in deploying a data analytics strategy. Why is data mining relevant in legal context? It provides law firms and legal departments better business insights, improved decision-making and a differentiating toolkit for value-added services.